Decision details

To consider amendments to the Investment Strategy.

Cabinet recommended to Full Council:

(a)          The updated Investment Strategy attached at Appendix A to the report from the Interim Director of Finance, which includes

(i)            a range of investment indicators to comply with the Statutory Guidance on Local Government Investments and

(ii)           the governance arrangements that enable the Council to seek approval for priority investments in a timely manner in response to market conditions.

(b)          The consequent changes to the Scheme of Delegation to enable the Head of Commercial Development & Investment to progress investment opportunities, including due diligence checks, and to authorise the Section 151 Officer to submit non-binding offers in line with market practice.